Company Filings — 31 July 2026

1,860 regulatory filings were published by NSE- and BSE-listed companies on 31 July 2026 — showing page 19 of 19.

  1. Announces Record Date for Dividend Payment

    Honda India Power Products Limited · HONDAPOWER · NSE ·

    The record date to determine shareholder eligibility for the dividend has been set for August 19, 2026. The company's book closure period will be from August 20, 2026, to August 26, 2026 (both days inclusive). These actions are in connection with the upcoming 41st Annual General…

  2. Q1 FY27 Results: Revenue Rises, Profits Contract

    Vinyl Chemicals (India) Limited · VINYLINDIA · NSE ·

    📈 <b>Revenue Growth:</b> Total Income from Operations for the quarter ended June 30, 2026, grew by 6.57% year-over-year to ₹19,088 Lakhs. 📉 <b>Profitability Dip:</b> Net Profit After Tax (PAT) declined by 4.63% to ₹1,441 Lakhs compared to the same quarter last year. 💰 <b>Earni…

  3. Founder & Chairman Bhanu Chopra Re-appointed for 5-Year Term

    Rategain Travel Technologies Limited · RATEGAIN · NSE ·

    The Board of Directors has approved the re-appointment of founder Mr. Bhanu Chopra as Chairman and Managing Director. The re-appointment is for a five-year term, from August 05, 2026, to August 04, 2031. This decision is subject to the approval of the company's shareholders. The…

  4. Declares Final Dividend of ₹45/share for FY26

    Procter & Gamble Health Limited · PGHL · NSE ·

    The company has declared a Final Dividend of **₹45 per equity share** for the financial year 2025-2026. The Record Date to determine shareholder eligibility for the dividend is **27 August 2026**. The dividend will be paid to eligible shareholders between **03 September 2026 and…

  5. AGM Results: Shareholders Approve Major Corporate Restructuring

    Jolly Plastic Industries Ltd · 507968 · BSE ·

    All 10 resolutions at the 45th Annual General Meeting (AGM) on July 29, 2026, were passed with 100% of votes in favour. Shareholders approved significant special resolutions for a major corporate restructuring, including shifting the registered office to another state, altering b…

  6. Q1 FY27 Results: Revenue Jumps 14% to ₹1,474 Cr, PAT up 13%

    JBM Auto Ltd · JBMA · BSE ·

    <b>Total Income from Operations:</b> Grew 13.9% year-over-year to ₹1,473.94 Crores. <b>Net Profit After Tax (PAT):</b> Increased by 13.37% year-over-year to ₹44.26 Crores. <b>Earnings Per Share (EPS):</b> Rose by 14.1% year-over-year to ₹1.78. <b>EV Business Growth:</b> Revenue f…

  7. Key Leadership & Committee Changes Announced

    Aryaman Capital Markets Ltd · 538716 · BSE ·

    Mr. Ronak Jain has been appointed as a new Non-Executive - Independent Director, effective July 31, 2026. Mr. Darshit Parikh has ceased to be an Independent Director upon the completion of his term. The Nomination & Remuneration Committee has been reconstituted, with Mr. Ronak Ja…

  8. Key Dates for 41st AGM & E-Voting Announced

    Munjal Showa Limited · MUNJALSHOW · NSE ·

    • <b>41st Annual General Meeting (AGM):</b> To be held on Friday, August 25, 2026, at 11:00 A.M. (IST) via video conference. • <b>Book Closure:</b> Scheduled from August 19, 2026, to August 25, 2026, to determine eligibility for the AGM and the final dividend (if declared). • <b>…

  9. Final Call for Shareholders to Claim Dividends

    Royal Orchid Hotels Limited · ROHLTD · NSE ·

    The company will transfer equity shares to the Investor Education and Protection Fund (IEPF) Authority for which dividends have remained unclaimed for 7 consecutive years. Affected shareholders must submit a valid claim before <b>October 27, 2026</b>, to prevent this transfer. If…

  10. Promoter Pledges 3.26% Stake

    Themis Medicare Ltd · THEMISMED · BSE ·

    Promoter entity, Vividhmargi Investments Private Limited, has pledged 30,00,000 equity shares, representing 3.26% of the company's total share capital. The pledge was created on July 30, 2026, as security against borrowing. The beneficiary of the pledge is CTL Trusteeship Limited…

  11. Key Directors Re-appointed to Board

    Prabha Energy Limited · PRABHA · NSE ·

    • Mr. Prem Singh Sawhney has been re-appointed as Executive Director & Chairperson for a 3-year term, effective February 20, 2027. • Ms. Shaily Dedhia has been re-appointed as a Non-Executive Independent Director for a 5-year term, effective June 27, 2027. • The re-appointments a…

  12. Key Proposals for 42nd AGM: Dividend, Borrowing Limit Hike & Major RPTs

    Jtekt India Limited · JTEKTINDIA · NSE ·

    The board has proposed a final dividend of **₹0.75 per equity share** for FY26, subject to shareholder approval. Seeking approval to **double the company's borrowing limit** from ₹500 Crores to **₹1,000 Crores** to fund future growth. Proposing the re-appointment of key managemen…

  13. Notice of 41st Annual General Meeting & E-Voting Details

    Minda Corporation Limited · MINDACORP · NSE ·

    • <b>Event:</b> The company has announced its 41st Annual General Meeting (AGM). • <b>Date & Time:</b> Friday, August 21, 2026, at 10:30 a.m. IST. • <b>Mode:</b> The meeting will be held virtually via Video Conferencing (VC). • <b>E-Voting Cut-off Date:</b> August 14, 2026, is th…

  14. Secures New Order from Neelachal Ispat Nigam Ltd

    Vdeal System Limited · VDEAL · NSE ·

    <b>Order Value:</b> ₹2.42 Crores (₹2,42,13,600). <b>Awarded by:</b> Neelachal Ispat Nigam Ltd (NINL), a related party and part of the promoter group (Tata Steel). <b>Scope of Work:</b> Supply of a Power Distribution System. <b>Execution Timeline:</b> To be completed by 28-Februar…

  15. Invitation to Q1 FY27 Earnings Conference Call

    Sheela Foam Limited · SFL · NSE ·

    • Sheela Foam will host an investor and analyst conference call to discuss its financial results for the first quarter of fiscal year 2027 (ended June 30, 2026). • The call is scheduled for Wednesday, August 05, 2026, at 04:00 PM IST. • Senior management, including Chairman Rahul…

  16. FY26 Annual Report: Revenue Grows 9%, but Profits Fall; Final Dividend of ₹23/Share Proposed

    Honda India Power Products Limited · HONDAPOWER · NSE ·

    <b>Financials (FY26 vs FY25):</b> Revenue from Operations grew 9% to ₹86,545 Lakhs, while Profit After Tax (PAT) declined 19.6% to ₹6,424 Lakhs, impacted by an exceptional item of ₹999 Lakhs. <b>Final Dividend:</b> The Board has recommended a final dividend of ₹23 per share, subj…

  17. FY26 Sustainability & Business Report Highlights

    Jtekt India Limited · JTEKTINDIA · NSE ·

    💰 **Financials (FY26):** Turnover stood at ₹26,656 Cr, with a Net Worth of ₹11,858 Cr. The company operates as a single-business entity. 🚗 **Operations:** Manufacturing of automotive components accounted for 99.19% of turnover. Exports contributed 2.58% to total sales. 🌱 **ESG…

  18. Bags New Orders Worth ₹376.22 Crore

    Marine Electricals (India) Limited · MARINE · NSE ·

    The company has secured three new domestic orders with a cumulative value of approximately **₹376.22 Crores**. Orders are from major clients including **SIEMENS LIMITED**, **Titagarh Naval Systems Limited**, and **Princeton Digital Group**. The contracts are for the supply of pow…

  19. Strong Start to FY27: Profit Jumps 140%, AUM Grows 11%

    Spandana Sphoorty Financial Limited · SPANDANA · NSE ·

    **Profit After Tax (PAT):** ₹12 Crores, a 140% increase quarter-on-quarter. **Assets Under Management (AUM):** Grew 11% QoQ to ₹4,887 Crores. **Asset Quality:** Consolidated Net NPA improved to 0.68% from 0.73%. **Profitability:** Net Interest Margin (NIM) expanded significantly…

  20. Operations Resume After Temporary Disruption

    Precision Wires India Limited · PRECWIRE · NSE ·

    The company reported a temporary disruption of operations due to a natural calamity. The disruption lasted from July 23, 2026, to July 31, 2026. Operations have now resumed as of the filing date. The company did not provide an assessment of the financial or operational impact of…

  21. Board Meeting Scheduled to Approve Q1 Results

    Sundaram Multi Pap Limited · SUNDARAM · NSE ·

    A Board Meeting is scheduled for August 13, 2026. The main agenda is to consider and approve the Unaudited Standalone Financial Results for the quarter ended June 30, 2026.

  22. NTPC Announces Executive Director's Retirement

    NTPC Limited · NTPC · NSE ·

    <b>Who:</b> Mr. Ram Bhajan Malik, Executive Director (Senior Management). <b>What:</b> Cessation of his role with the company. <b>Reason:</b> Superannuation (retirement). <b>Effective Date:</b> July 31, 2026.

  23. Notice of 69th Annual General Meeting

    Polychem Ltd · 506605 · BSE ·

    <b>69th Annual General Meeting (AGM):</b> Scheduled for Tuesday, 25th August, 2026, at 11:00 a.m. IST via Video Conference (VC). <b>Book Closure:</b> The Register of Members will be closed from Wednesday, 19th August, 2026, to Tuesday, 25th August, 2026. <b>E-voting Cut-off Date:…

  24. Promoter Group Entity Sells 0.83% Stake

    Mahip Industries Ltd · 542503 · BSE ·

    • <b>Seller:</b> Rajeev Govindram Agrawal (HUF), part of the Promoter Group. • <b>Transaction:</b> Sold 1,60,000 equity shares (0.83% of total equity) in the open market on July 28, 2026. • <b>Post-Sale Holding:</b> The entity's shareholding has now reduced from 10.19% to 9.35%.…

  25. Atul Auto Clarifies Recent Trading Volume Spike

    Atul Auto Limited · ATULAUTO · NSE ·

    The company responded to a query from the National Stock Exchange (NSE) regarding a significant increase in its stock's trading volume. Atul Auto stated that the volume increase is "purely due to market conditions and absolutely market driven." The company confirmed it has disclo…

  26. Posts Stellar Q1FY27 with 163% Revenue Growth and Key Acquisition

    Anlon Healthcare Limited · AHCL · NSE ·

    <b>Stellar Q1FY27 Growth (YoY):</b> Reported a <b>163%</b> jump in Total Income to ₹87.62 Cr and a <b>133%</b> rise in Profit After Tax (PAT) to ₹8.28 Cr. <b>Strategic Acquisition:</b> Acquired a <b>63.98% stake</b> in Remember India Health Links, marking a key entry into the Fin…

  27. Senior Management Update: Executive Director Cessation

    NTPC Limited · NTPC · NSE ·

    • A change in Senior Management has been announced due to a cessation. • Shri Ram Bhajan Malik, Executive Director (Senior Management), will cease his role. • The reason for the change is his superannuation (retirement). • This change is effective from 31st July 2026.

  28. Secures Provisional LOI for ₹69.51 Crore Project from RailTel

    Sahana System Limited · SAHANA · NSE ·

    Received a Provisional Letter of Intent (PLOI) from RailTel Corporation of India Ltd. to act as a Business Associate. The project is for the implementation of an Integrated Gate Automation System (IGAS) at Deendayal Port Authority, Kandla. Total project value is **₹69.51 Crore**…

  29. FY26 Results & 42nd AGM Update: Dividend, Capex & Key Proposals

    Jtekt India Limited · JTEKTINDIA · NSE ·

    **FY26 Performance:** Revenue from Operations grew 11.1% to ₹2,665 Cr; Profit After Tax (PAT) stood at ₹76.89 Cr. **Dividend Declared:** The Board has recommended a final dividend of **₹0.75 per share**. The record date is Friday, 07 August 2026. **42nd AGM:** To be held on Wedne…

  30. FY26 Annual Report: Revenue Jumps 11%, Final Dividend of ₹0.75/Share Announced

    Jtekt India Limited · JTEKTINDIA · NSE ·

    <b>Financials (FY26):</b> Revenue from operations grew 11.1% to ₹2,66,557 Lakhs, while Profit After Tax (PAT) rose 2.16% to ₹7,689 Lakhs. <b>Final Dividend:</b> The Board has recommended a final dividend of ₹0.75 per equity share. The record date is set for Friday, August 07, 202…

  31. Promoter Group Member Sells Entire Stake

    Nikki Global Finance Ltd · 531272 · BSE ·

    Mr. Kamal Kishore Chaurasia, a member of the Promoter Group, has sold his entire stake in the company. The sale involved 91,498 equity shares, representing 2.68% of the company's total share capital. The transaction was conducted via an open market sale on July 29, 2026. Followin…

  32. Q1 FY27 Results: Strong Growth in Revenue & Profit

    Pricol Limited · PRICOLLTD · NSE ·

    **Total Income** for Q1 FY27 grew by **23.43%** YoY to **₹ 1,107.86 Crores**. **Net Profit After Tax** saw a significant increase of **34.34%** YoY, reaching **₹ 67.02 Crores**. **Basic/Diluted EPS** rose by **34.47%** YoY to **₹ 5.50**. The results are for the quarter ended June…

  33. Secures ₹15,828.57 Lakhs Project from Delhi Jal Board

    EMS Limited · EMSLIMITED · NSE ·

    • EMS Limited has received a Letter of Intent (LOI) from the Delhi Jal Board. • The contract is for a sewerage project valued at approximately **₹15,828.57 Lakhs** (inclusive of GST). • The project involves "Providing/Laying/Jointing Internal and Peripheral Sewer Lines in Tikri K…

  34. Invitation to Conference Call for 1QFY27 Results

    Sundram Fasteners Limited · SUNDRMFAST · NSE ·

    • The company has announced a conference call to discuss its financial results for the first quarter of FY27 (1QFY27). • The call is scheduled for Thursday, August 6, 2026, at 10:00 AM IST. • Senior management, including the Chief Financial Officer (CFO), will be representing the…

  35. Q1 FY27 Results: Strong Growth in Revenue & Profit

    Vardhman Textiles Ltd · VTL · BSE ·

    <b>Strong Q1 FY27 Results:</b> Total Income from Operations grew 13.24% YoY to ₹2,781.14 Crores. <b>Profitability Surge:</b> Net Profit After Tax jumped 49.55% YoY and 67.74% QoQ to ₹309.83 Crores. <b>EPS Growth:</b> Basic Earnings Per Share (EPS) increased to ₹10.88, up from ₹7.…

  36. Board Meeting Scheduled to Approve Q1 Financial Results

    Mawana Sugars Limited · MAWANASUG · NSE ·

    A meeting of the Board of Directors is scheduled to be held on <b>08 August 2026</b>. The primary agenda is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended 30 June 2026. This filing is a prior intimation as per SEBI regula…

  37. Promoter Sells 2.82% Stake to Boost Public Shareholding

    Maxgrow India Ltd · 521167 · BSE ·

    Promoter entity, Metal Industrial Pte. Limited, sold 11,25,513 equity shares (a 2.82% stake) in an off-market transfer. The sale was made to increase the public shareholding and move towards compliance with Minimum Public Shareholding (MPS) norms. As a result, the promoter group'…

  38. Wins Two Highway Projects with Annual Revenue of ₹2.49 Crore

    PVV Infra Ltd · 536659 · BSE ·

    • Received two Letters of Award (LOA) from National Highways Logistics Management Limited (NHLML) to develop, operate, and maintain Wayside Amenities. • The two projects have a combined Annual Lease Rent of **₹2.49 Crore**, representing a new recurring revenue stream. • The proje…

  39. Subsidiary ESL Steel Receives Show Cause Notice from MCA

    Vedanta Iron and Steel Limited · VISL · NSE ·

    Vedanta's subsidiary, ESL Steel Limited, has received a Show Cause Notice from the Ministry of Corporate Affairs (MCA). The notice alleges historical non-compliance regarding remuneration disclosure for the financial years 2015-16, 2016-17, and 2017-18, predating Vedanta's acquis…

  40. Q1 FY27 Results: Net Profit Jumps 81.6% YoY

    Almondz Global Securities Ltd · ALMONDZ · BSE ·

    <b>Total Revenue from Operations</b> grew <b>40.7%</b> year-over-year to <b>₹ 4,450 Lakh</b>. <b>Net Profit (PAT)</b> surged <b>81.6%</b> year-over-year to <b>₹ 1,253 Lakh</b>. <b>Basic Earnings Per Share (EPS)</b> increased by <b>68.3%</b> to <b>₹ 0.69</b>. <b>Top Performing Seg…

  41. Subsidiary Receives Show Cause Notice from Ministry of Corporate Affairs

    Vedanta Iron and Steel Limited · VISL · NSE ·

    **What happened:** Subsidiary, ESL Steel Limited, received a Show Cause Notice from the Ministry of Corporate Affairs (MCA). **Why:** The notice alleges non-compliance in the approval process for a Whole-time Director's remuneration during FY 2019-20. **Who is implicated:** The n…

  42. Subsidiary Faces Regulatory Action Over Past Governance Lapse

    Vedanta Iron and Steel Limited · VISL · NSE ·

    The company's subsidiary, ESL Steel Limited, has received a Show Cause Notice from the Ministry of Corporate Affairs. The notice alleges non-compliance with the Companies Act regarding the composition of its Nomination and Remuneration Committee during FY 2020-21. Three individua…

  43. Subsidiary ESL Steel Limited Receives Show Cause Notice from MCA

    Vedanta Iron and Steel Limited · VISL · NSE ·

    The company's subsidiary, **ESL Steel Limited**, has received a Show Cause Notice from the Ministry of Corporate Affairs (MCA). The notice alleges non-disclosure of remuneration details for the financial years 2015-16, 2016-17, and 2017-18. The potential financial penalty is quan…

  44. Board Meeting Scheduled to Approve Q1 Financial Results

    Raj Rayon Industries Limited · RAJRILTD · NSE ·

    A meeting of the Board of Directors is scheduled for **Wednesday, 12 August 2026**. The primary agenda is to consider and approve the **Unaudited Standalone Financial Results** for the quarter ended 30 June 2026. This filing is a mandatory notice; the actual financial results wil…

  45. Board Meeting Scheduled for Q1 FY27 Results

    Raj Rayon Industries Ltd · RAJRILTD · BSE ·

    A Board Meeting will be held on **August 12, 2026**, to approve the financial results for the quarter ending June 30, 2026. The Trading Window for insiders has been closed from **July 1, 2026**. The Trading Window will reopen 48 hours after the financial results are declared.

  46. Q1 FY27 Net Profit Soars 82% YoY to ₹12.53 Crore

    Almondz Global Securities Limited · ALMONDZ · NSE ·

    <b>Consolidated Profit After Tax (PAT):</b> Grew 82% year-over-year to ₹1,253 Lakhs for Q1 FY27, up from ₹690 Lakhs in Q1 FY26. <b>Total Income from Operations:</b> Stood at ₹4,450 Lakhs for the quarter. <b>Earnings Per Share (EPS):</b> Consolidated Basic EPS increased to ₹0.69 p…

  47. Mixed Q1: Profit Hit by One-Off Cost, Order Book Reaches ₹14,045 Cr

    Thermax Limited · THERMAX · NSE ·

    Profit After Tax (PAT) plummeted 86% YoY to ₹22 Crore, driven by a one-time project cost overrun of ₹91 Crore. Despite the profit drop, Operating Revenue grew by 7% YoY to ₹2,303 Crore. The total Order Balance grew by a strong 23% YoY, reaching ₹14,045 Crore, providing robust fut…

  48. Record Date for Final Dividend FY 2025-26 Announced

    Foseco Crucible (India) Ltd · 523160 · BSE ·

    • The company has set a Record Date to determine shareholder eligibility for the Final Dividend for the Financial Year 2025-26. • <b>Record Date:</b> Wednesday, August 19, 2026. • <b>Book Closure Period:</b> Thursday, August 20, 2026, to Wednesday, August 26, 2026. • The dividend…

  49. Announces Record Date for Final Dividend & 41st AGM

    Foseco Crucible (India) Ltd · 523160 · BSE ·

    **Action:** The company has set the record date for its Final Dividend for the Financial Year 2025-26. **Record Date:** Wednesday, August 19, 2026. **Purpose:** To determine shareholders eligible to receive the final dividend, subject to approval at the 41st Annual General Meetin…

  50. FY26 Results: PAT Dips 32% on One-Time Charge; Declares ₹12.50 Dividend Post-Acquisition

    Foseco Crucible (India) Ltd · 523160 · BSE ·

    • <b>Financials (FY26 vs FY25):</b> Revenue at ₹17,192 Lakhs (-1.3%), Profit After Tax (PAT) at ₹1,872 Lakhs (-32%), and EPS at ₹33.43 (-32%). • <b>Exceptional Loss:</b> Profit was impacted by a one-time exceptional loss of ₹1,868 Lakhs, primarily from an impairment charge on a s…

  51. Q1 FY27 Results: Reports Over 6% Growth in Revenue & Profit

    Nucleus Software Exports Limited · NUCLEUS · NSE ·

    The company announced its financial results for the quarter ended June 30, 2026 (Q1 FY27), showing year-over-year growth. <b>Total Income from Operations:</b> ₹22,501.23 Lakhs, up 6.21% YoY. <b>Net Profit After Tax:</b> ₹5,207.11 Lakhs, up 6.16% YoY. <b>Basic & Diluted EPS:</b> ₹…

  52. Leadership Update: GM of Finance & Accounts to Retire

    Honda India Power Products Limited · HONDAPOWER · NSE ·

    Ms. Shankaran Radhika, General Manager - Finance & Accounts, will be retiring from the company. Her retirement is effective from the close of business hours on July 31, 2026. Consequently, she will cease to be a Senior Management Personnel (SMP) from August 01, 2026.

  53. Inks Six-Year EPC Framework Agreement with Petroleum Development Oman

    Larsen & Toubro Limited · LT · NSE ·

    L&T Energy Hydrocarbon Onshore has signed a six-year Engineering, Procurement, and Construction (EPC) Framework Agreement with Petroleum Development Oman (PDO), Oman's leading oil and gas company. Under the agreement, L&T has been selected as one of four key contractors to partic…

  54. Two Senior Managers to Retire

    Divi's Laboratories Limited · DIVISLAB · NSE ·

    The company announced the retirement of two Senior Management Personnel: Mr. L. Ramesh Babu (Vice President, Procurement) and Mr. D. Madhu Babu (Vice President, Projects). The reason for the change is retirement. The cessation is effective from the close of business hours on July…

  55. Q1 FY27 Earnings Call Audio Now Available

    Refex Industries Limited · REFEX · NSE ·

    The audio recording of the earnings call for the first quarter ended June 30, 2026 (Q1 FY27) has been made available on the company's website. This allows shareholders and investors to directly access management's discussion and analysis regarding the company's performance. The o…

  56. Q1 FY27 Earnings Call Audio Now Live

    Refex Industries Ltd · REFEX · BSE ·

    The audio recording of the earnings call for the quarter ended June 30, 2026 (Q1 FY27) is now available. The call was held to discuss the company's financial results for the first quarter. The recording can be accessed on the company's official website. This filing is an intimati…

  57. Change in Control Triggers Mandatory Open Offer

    RR MetalMakers India Ltd · 531667 · BSE ·

    <b>Acquisition & New Promoters:</b> A new promoter group led by RB International Holdings Ltd. is acquiring a <b>70.66% stake</b> from the outgoing promoters, triggering a change in control. <b>Mandatory Open Offer:</b> A mandatory open offer has been launched for public sharehol…

  58. AGM Update: ₹60 Dividend Approved & Director Re-appointed

    Maharashtra Scooters Limited · MAHSCOOTER · NSE ·

    Shareholders approved a final dividend of ₹60 per equity share for the financial year ended March 31, 2026. Mr. Ravikumar Srinivasan was re-appointed as a director of the company. All three ordinary resolutions at the 51st Annual General Meeting (AGM), held on July 29, 2026, were…

  59. Notice of 12th Annual General Meeting & Key Resolutions

    Bandhan Bank Limited · BANDHANBNK · NSE ·

    The 12th Annual General Meeting (AGM) will be held on Monday, August 24, 2026, at 11:00 AM via video conference. Key proposals include the declaration of a dividend for FY 2025-26 and the adoption of the audited financial statements. Shareholders will vote on the appointment of M…

  60. Responds to BSE Query on Stock Price Movement

    Continental Controls Ltd · 531460 · BSE ·

    • The company has replied to a clarification sought by the BSE regarding the recent significant movement in its stock price. • Management believes the price movement is a market reaction to disclosures made on July 15, 2026. • The key disclosure was a Board approval to raise fund…